By L.S. Howard Insurers saw the third most expensive year for natural catastrophe losses in 2024 — reaching a total of $140 billion — as climate change “is showing its claws,” according to Munich Re. Overall economic losses from natural …
Insured Losses From Natural Disasters Hit $140B as Climate Change ‘Shows Its Claws’ Read More »
What a start to the new year for the insurance industry. January 1 saw two separate incidents that drew attention from the insurance industry as the threat of increasing political and terror risk continues to affect individuals and businesses worldwide. …
The brokerage industry is adapting to a changing landscape as macroeconomic conditions temper the tailwinds that have driven growth in recent years. High interest rates, historical valuations, and tighter access to capital have slowed M&A activity, with deal flow declining …
Strategies for Brokers as M&A Slows and Insurance Rates Soften Read More »
Have you felt like hiring and recruiting has been harder lately? It’s tough to find good candidates. People seem less committed to the process. There’s more competition with offers. With so many ups and downs, I sometimes wonder if the …
Big Recruiting Challenges Ahead for Insurance Agencies in 2025 Read More »
This article follows Part One from last month and covers group benefits and health insurance, the effects of natural disasters on insurance, insurtech and technology, and market conditions. Group Benefits and Health Insurance Today’s younger employees expect benefits packages to …
Industry Trends to Exploit for 2025 – Part Two Read More »
By L.S. Howard Reinsurance buyers generally found ample capacity during January renewals as well as increased reinsurer appetite, which led to risk-adjusted rate reductions and improved terms and conditions for clients that could demonstrate differentiated strategies, reinsurance brokers Aon, Gallagher …
Reinsurance Buyers With Good Portfolio Stories See Better Renewal Outcomes: Brokers Read More »
By Chad Hemenway Once again, settlements from class-action litigation topped $40 billion in 2024, according to an extensive analysis of more than 1,400 cases by law firm Duane Morris. Gerald L. Maatman, partner at the firm and co-author of its …
Settlements Eclipse $40 Billion in 2024 as PFAS, Reverse Discrimination Claims Emerge Read More »
The commercial property market is showing signs of stabilization, and buyers with favorable risk profiles will see rate decreases or low-single-digit increases this year, according to USI Insurance Services’ 2025 Commercial Property & Casualty Market Outlook. Accounts with unfavorable loss …
Commercial Property Market Stabilizing, With Ample Capacity: USI Read More »
